Cost Effective Transaction
Cutting off the third party intervention by introducing the auto execution smart contracts for the transaction, one can reduce the transaction cost and get profited in their business.
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Cutting off the third party intervention by introducing the auto execution smart contracts for the transaction, one can reduce the transaction cost and get profited in their business.
Once the transaction is made, the details and the data included is intact within the organization and there will be no space for the fraudulent or breaches which improves the efficiency.
In the private block chain, an organization has complete control regarding the participation of the network, here there is less scalability issues and fast transaction.
If required the intact data within the organization can be converted into the public chain network whenever required without any hassle.
Only trusted users have access to participate, so the auditing process will be clear and effective to find out mistakes and trace that effectively in a short span.